Covid-19 impact on Global Smart Electric Drive Market 2020 Growth Analysis, Segmentation by Type till 2027 With Successive Top Key players

Global Smart Electric Drive Market was valued at USD 108.55 million in 2018 which is expected to reach USD 1568.33 million by 2027 at a CAGR 33.00%.

Smart electric drive is classified into e-axle and wheel drive on the basis of applications. Smart electric drives utilize battery as a power source. Increase in concerns including zero emission, and vehicle weight reduction, is expected to grow the global smart electric drive market growth. Also, rise in government initiatives expected to drive the growth of global smart electric drive market.

Alternative materials and overall weight reduction to open new avenues in electric vehicles technology is the key driving factor which is expected to boost the global smart electric drive market growth, Furthermore, adoption of advanced technologies in electric vehicles will have the positive impact on global smart electric drive market growth. Moreover, rise in demand for electric buses and truck in transportation industry to control accidents is expected to fuel the global smart electric drive industry. Additionally, integrated mobility solutions and ride hailing to have significant demand expected to drive the global smart electric drive market, in near future.

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Global Smart Electric Drive Market has various challenging factors such as high cost of smart electric drive systems module, and maintaining and achieving optimum weight- to-power-ratio which are expected to hamper the growth of global smart electric drive industry.

Market Key Players

Various key players are discussed in this report such as

  • Infineon,
  • Aisin Seiki,
  • Hyundai Mobis,
  • Hitachi,
  • Borgwarner,
  • Robert Bosch,
  • Mahle,
  • ZF Friedrichshafen,
  • Schaeffler,
  • Siemens,
  • Continental,
  • Magna,
  • GKN.

Market Taxonomy

By Component

  • Power Electronics
  • E-Brake Booster
  • Inverter Unit,
  • Electric Motor
  • Battery

By Drive type

  • Rear Wheel Drive
  • Front Wheel Drive
  • All Wheel Drive

By Application

  • Wheel Drive
  • E-axle

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middles East & Africa

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